American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Matthew Piepenburg: End Game is Inflationary, Gold Will Get the Last Laugh

by admin February 8, 2024
February 8, 2024
Matthew Piepenburg: End Game is Inflationary, Gold Will Get the Last Laugh

Matthew Piepenburg, partner at Von Greyerz, shared his expectations for the US Federal Reserve, interest rates and inflation in 2024, also explaining how he sees gold performing against a tumultuous economic backdrop.

Although the Fed hasn’t cut rates yet, Piepenburg said it’s clear the central bank will throw in the towel before reaching its 2 percent inflation target. In his view, that’s because the US government can’t afford higher-for-longer rates.

‘Cuts are probably coming. That will be good for gold, that will certainly be good for the S&P 500 (INDEXSP:.INX) — that will be good to stave off in the short term a recession,’ he said. However, the US dollar will weaken.

‘Every broke country, every broke regime has to weaken its currency to save its system, and in this case the system is the bond market,’ Piepenburg explained. ‘The bond market will be ‘saved’ (and) the S&P will be saved at the expense of the inherent purchasing power of the US dollar. And that will be the same across other countries as well.’

He went on to note that raising rates quickly like the Fed has done is of course disinflationary. However, looking longer term he sees inflation rearing its head once the Fed is forced to monetize US debt with ‘money from nowhere.’

‘The end game is inflationary. The pause right now is disinflationary because we just raised rates by 5.75 percent — of course it’s disinflationary. It knee-capped the middle class, it knee-capped the bond market, it knee-capped the S&P in 2022, it knee-capped just about everything but the US dollar,’ Piepenburg emphasized.

‘But again — this is my thesis, if I’m wrong, I’m wrong … the end game, which no one can determine the date or the month or the quarter, is destruction or debasement of the currency to save the system. And they will blame that destruction of the currency on global warming, on Putin, on Martians, on COVID — whatever they want,’ he said. ‘But the real cause, as I’ve said over and over, is the politicians and central bankers who try to extend and pretend every bubble by creating a new bubble by manipulating interest rates and money supply.’

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Heritage Mining
next post
How to Invest in Aluminum (Updated 2024)

Related Posts

Joby Aviation stock price forecast: buy the dip...

February 11, 2025

USD/INR forecast: rare pattern points to India rupee...

December 13, 2024

Zoom Video stock price analysis ahead of earnings:...

February 19, 2025

Chen Lin: Silver’s Move to US$50 Will be...

July 3, 2024

Why are altcoins like IOTA, EOS, Quant, and...

May 10, 2025

Top crypto coins to buy as the DXY...

March 10, 2025

Here’s why the Xiaomi stock price is beating...

March 5, 2025

Archer Aviation stock analysis: ACHR nears make-or-break point

May 14, 2025

CAC 40 index forecast: here’s why it may...

March 6, 2025

Best value ETFs: retire rich with these blue-chip...

February 23, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Kraft Heinz plans breakup, weighs $20 billion grocery spin-off: report

      July 13, 2025
    • Trump’s 50% tariff on Brazil imports to brew trouble for Starbucks and Dutch Bros

      July 13, 2025
    • US to announce 30% tariff on EU and Mexico says Trump

      July 13, 2025
    • Why India is rushing to build bigger banks and what’s standing in the way

      July 13, 2025
    • Wall Street braces for weakest earnings season since 2023 amid market highs

      July 13, 2025

    Categories

    • Business (3,388)
    • Investing (2,615)
    • Latest News (2,017)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved